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Mar 31, 2021

ICU Medical Q1 2021 Earnings Report

ICU Medical's first quarter results were generally in line with expectations, with revenue at $318.0 million and adjusted diluted earnings per share at $1.62.

Key Takeaways

ICU Medical reported first quarter 2021 results with revenue of $318.0 million, a decrease compared to $328.6 million in the same period last year. GAAP net income was $23.7 million, or $1.09 per diluted share, compared to $16.8 million, or $0.78 per diluted share, for the first quarter of 2020. Adjusted diluted earnings per share were $1.62, as compared to $1.81 for the first quarter of 2020.

First quarter revenue was $318.0 million, compared to $328.6 million in the same period last year.

GAAP gross profit was $112.7 million, compared to $121.4 million in the same period last year.

GAAP net income was $23.7 million, or $1.09 per diluted share, compared to $16.8 million, or $0.78 per diluted share, for the first quarter of 2020.

Adjusted diluted earnings per share were $1.62 as compared to $1.81 for the first quarter of 2020.

Total Revenue
$318M
Previous year: $329M
-3.2%
EPS
$1.62
Previous year: $1.81
-10.5%
Adjusted EBITDA
$57.8M
Previous year: $63M
-8.3%
Gross Margin
35%
Previous year: 37%
-5.4%
Gross Profit
$113M
Previous year: $121M
-7.2%
Cash and Equivalents
$424M
Previous year: $420M
+1.1%
Free Cash Flow
$37.3M
Previous year: $14.1M
+165.3%
Total Assets
$1.77B
Previous year: $1.82B
-2.8%

ICU Medical

ICU Medical

ICU Medical Revenue by Segment

Forward Guidance

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended.

Revenue & Expenses

Visualization of income flow from segment revenue to net income